Sunday, December 1st, 2024

Speaker rules government for informing House about tax rise


02 March 2020  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: Speaker of the House of Representatives (HoR), Agni Prasad Sapkota, has ordered the government to apprise the House about the recent increase of tax on petroleum products.

In a meeting of the HoR today, Socialist Party lawmaker Sarita Giri demanded time from the Speaker to urge the government to withdraw its recent decision to impose an additional tax on petroleum products, instantly.

Stating that the right to revise the criteria of tax is worldwide vested in the sovereign parliament, but in case of Nepal, the right was exercised by the Council of Ministers which had hit the people hard, she drew the parliament and government’s attention towards that end.

Consumers have been badly affected due to the imposition of petroleum tax by the government and the Nepal Oil Corporation separately, according to the lawmaker.

She insisted that the global practice was that the right to increase the tax net was vested in the sovereign parliament.
With the commencement of the session, Socialist Party lawmakers stood from their respective seats as a gesture of protest and Giri was granted time by the Speaker to put her views.

“People have been hit hard by the government tax system. They face an 85 percent tax burden which is nowhere in the world. A dual tax system should be ended.”

Publish Date : 02 March 2020 17:37 PM

Economic Digest: Nepal’s Business News in a Snap

KATHMANDU: Economic Digest offers a concise yet comprehensive overview of

Local by-elections: Voting underway

KATHMANDU: Voting for the local by-elections to fill 41 vacant

Cyclone ‘Fengal’ impacting Nepal’s weather

KATHMANDU: Westerly winds are currently affecting the country, and the

Today’s foreign currency exchange rates

KATHMANDU: Nepal Rastra Bank has published today’s exchange rates for

Local by-elections taking place today

KATHMANDU: By-elections are being held today, December 1, to fill